Southland Holdings, Inc. key statistics and ratios

In fiscal 2025, Southland Holdings, Inc. had an operating margin of -28.1% and a current ratio of 1.12. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Southland Holdings, Inc.: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	8.9%	12.1%	3.1%	−6.4%	−20.1%	−44.1%
Operating margin	4.4%	7.1%	−2.7%	−12.9%	−28.1%	−54.6%
Net margin	3.0%	5.2%	−1.7%	−10.7%	−39.7%	−67.0%
Free-cash-flow margin	−8.6%	−6.1%	−1.8%	−0.6%	1.6%	−26.1%
Return on equity	—	35.5%	−6.4%	−51.0%	—	—
Return on assets	13.7%	8.6%	−1.7%	−8.8%	−28.0%	−45.6%
Asset turnover	4.54	1.65	1.00	0.82	0.70	0.68
Current ratio	18.20	1.82	1.61	1.42	1.12	1.27
Debt to equity	—	78.4%	120.5%	187.3%	—	—
Interest cover (operating income ÷ interest)	7.7x	9.3x	n/m	n/m	n/m	n/m
SG&A as % of revenue	4.5%	5.0%	5.8%	6.5%	8.0%	10.5%
Capital spending as % of revenue	1.5%	0.4%	0.9%	0.8%	0.5%	0.2%
Free cash flow ÷ net income	−282.5%	−117.2%	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Southland Holdings, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	−29.5%	2.9%	9.0%	6.0%	1.5%	—	−2.8%	−62.9%
Operating margin	−39.6%	−3.0%	2.1%	−0.3%	−5.3%	−202.4%	−11.4%	−77.6%
Net margin	−31.6%	−1.6%	−1.9%	−4.8%	−35.3%	−208.2%	−16.4%	−74.4%
Free-cash-flow margin	−4.2%	−4.3%	1.9%	−3.0%	2.5%	8.9%	−77.7%	−33.9%
Current ratio	1.48	1.42	1.39	1.36	1.29	1.12	1.29	1.27
Debt to equity	213.5%	183.4%	181.0%	184.4%	357.2%	—	—	—
SG&A as % of revenue	10.1%	5.9%	6.9%	6.3%	6.8%	16.4%	8.7%	14.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 5 checks passed · June 30, 2026

What it owns · $785m

Short-term assets $547mLonger-term assets $238m

What it owes, and who funded it · $1.0bn

Short-term liabilities $429mLonger-term liabilities $604mShareholders' equity $-254m

Short-term assets cover short-term liabilities $547m of assets due within a year against $429m of liabilities due within a year.
Short-term assets cover long-term liabilities $547m short-term assets against $604m of longer-dated liabilities.
More cash than debt $35m of cash against $207m of debt.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$156m of operating cash flow against $207m of debt.
Operating profit covers interest at least five times over Operating income of −$329m against $34m of interest.

From Southland Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Southland Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Southland Holdings, Inc.